JPM should answer in the BK court the WMI motion about the "discovery" of the "Texas action". I guess this should happen before the hearing on 20th, so that the judge can value both sides.
I guess we are still waiting for FDIC reply to WMI suit in the other court. I am not sure about the term for this.
Both of them by logic would be a "against WMI" and therefore once they reach the media they could impact pps negatively. Maybe this is what flippers are playing to these days.
Besides these actions I have nothing in the radar until the hearing, and both would be short term bad press for WMI. Maybe I am wrong and there is something else.
...Of course we also have the new law passing the congress filter which in theory would give FDIC enough money to contemplate a positive settlement for us. But I don't think any normal investor would relate this with WMI unless is an "adict poster" like some of us, ...or an insider.
Of course we all have in mind the posibility of a "buyout" or settlement happening at any time any day ( since months ago and possibly for some months from now).
I am still holding tight my shares since fall.. for the long run...
..cheers!!
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